Interest rates

A report warns that the UK economy is headed for a slow recovery after the recession, and the Bank of England may compound this weakness by maintaining interest rates at an unsustainable level for too long. KPMG predicts that the economy…

Santander UK's boss warned that Britain is becoming an unattractive investment destination due to high taxes, amid increasing pressure on the Chancellor. Mike Regnier told the MPs that Santander UK's chief executive, Mike Regnier, said…

The outlook for the global economic climate is the most positive it has been in the past two years. Most fund managers believe central banks can bring inflation to the target rate without triggering recession. Bank of America’s latest…

The Bank for International Settlements has stated that central banks around the world are forced to maintain high interest rates for many years as they fight wage demands, wars and trade disputes. The institution often known as central…

Harvey Jones is not likely to be able to provide you with a new, upscale kitchen for a long time. The Body Shop will no longer be the best place to buy ethically sourced creams. Burberry issued a profit warning while John Lewis closed…

The global debt reached a new record of $313 trillion, or £248 trillion. This is due to higher interest rates that drive up borrowing costs. According to the Institute for International Finance (IIF), borrowers took on $15 trillion more…

Last week, official figures revealed that the UK had entered a "technical recession" in the second half last year. The drop in Gross Domestic Product (GDP) was 0.3 percent in the fourth quarter after a 0.1 percent fall in the third.…

More than £1 trillion of the nation's savings is sitting in accounts earning less than 2 per cent, while the base interest rate is 5.25 per cent, according to an analysis of Bank of England credit data. The figures, which include money…

Over 80 percent of British firms expect to raise the prices of their products and services in the next two-year period, raising concerns that inflation won't fall back to Bank of England target. PwC conducted a survey on companies and…

The Bank of England said that borrowing costs had peaked, and inflation would fall to the target of 2% in the spring. Andrew Bailey, governor of the state, stated that the "key" question was now when to reduce rates. This could provide…

The Bank of England is likely to acknowledge this week that it is seeing unexpectedly rapid progress in getting inflation down, analysts said, but the central bank is not expected to begin cutting interest rates yet. The BoE’s Monetary…

The number of businesses on the verge of bankruptcy has increased by a quarter over the last three months due to a "perfect storm" that includes higher interest rates, increasing costs and a downbeat consumer market. According to Begbies…

Investors are rethinking the timing of Bank of England rate cuts in this year. The Ice Bank of America Index of UK Government Debt has fallen by 3.6% this month, more than twice its US counterpart. This is largely due to an unexpected…

According to a senior official, the Bank of England will have to wait until it is more certain that the UK labour market has stabilized before it can confidently conclude that inflation is falling and lower interest rates. Ben Broadbent…

Deal complaints are on the rise due to rising interest rates and cost of living. Complaints about auto finance deals have doubled in the past year due to drivers having difficulty paying their monthly bills. Abby Thomas, the chief…

Federal Reserve chair Jay Powell sent his clearest signal yet on Wednesday that the US central bank was done with two years of tightening monetary policy and would begin cutting rates in 2024, sending Wall Street's benchmark index closer to…

The bond markets are getting ahead of themselves by anticipating a sharp fall in the Bank Rate for next year. CPI inflation is down from double-digit levels last year. At 4.6pc, the CPI inflation rate is still more than double what it…